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Gold traded on Tuesday in a narrow range above $ 1900 an ounce, as caution prevailed ahead of a deadline for an agreement on a new US stimulus package to mitigate the repercussions of the Coronavirus and the presidential elections scheduled for next month.
Gold fell 0.2% to 1,901.10 dollars an ounce. And US gold futures fell 0.4% to $ 1,904.50.
Gold is considered a hedge in the face of inflation and a depreciating currency, in light of unprecedented levels of global stimulus to cushion the economic blow from the Corona pandemic.
Investors are now awaiting the final debate between US President Donald Trump and his Democratic rival, Joe Biden, on Thursday.
The US dollar stabilized against its rivals, while Asian stocks fell as investors adjusted exposure to risk as the election approaches.
As for other precious metals, silver fell 0.2% to $ 24.46 an ounce, platinum fell 0.4% to $ 852.72 an ounce, and palladium rose 0.1% to $ 2345.43.
